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Tag Archives: Insurance

Insurance – D&O Policy – Shareholder Suit – Settlement – Kansas Law (access required)

Sprint Nextel is entitled to $15 million in excess insurance coverage under a D&O policy issued by plaintiff Houston Casualty Company, for Sprint’s $57.5 million settlement of a class action suit filed by shareholders against Sprint directors and officers claiming ...

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Insurance – Policy Coverage – Fire – Rental Property – Subrogation (access required)

An insurance company, suing as a landlord’s subrogee, cannot sue for breach of the lease agreement after a fire in an apartment rented by four tenants, as the landlord did not pursue remedies under the lease or under the Virginia ...

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Insurance – UIM Coverage – Auto Liability – Umbrella Policy (access required)

A man who was injured when his vehicle was struck by another vehicle that failed to yield the right-of-way has UIM coverage under both his auto liability policy and his umbrella policy provided by the same company, says an Henrico ...

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Insurance – Policy Coverage – Duty To Defend – Attorney’s Fees (access required)

A homeowner’s association wins $217,309 in attorney’s fees and costs to cover the costs of defending an underlying civil action filed by a unit owner about the HOA disclosure packet, which defendant insurance carrier should have defended on behalf of ...

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Law firm not required to indemnify carrier for Medicare shortfall (access required)

A law firm settling a personal injury claim does not have to indemnify an insurance company for any potential shortfall owed to Medicare, a Richmond circuit judge has ruled. The case highlights the latest skirmish to develop since the federal ...

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Insurance – Policy Coverage – UIM Payments – Stacking (access required)

A Norfolk Circuit Court agrees with Nationwide that its policy language limiting its UM/UIM coverage is clear and unambiguous in its rejection of intra-policy stacking, and affords an auto-accident plaintiff $75,000 in coverage, not $175,000. On July 15, 2008, plaintiff ...

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Insurance – Arbitration Clause – Personal Injury Claims (access required)

A Lynchburg U.S. District Court grants defendant insurance companies’ motion to stay proceedings pending arbitration of this declaratory judgment action filed by plaintiff insured, the manufacturer of an oral sodium phosphate colon-cleansing product that has prompted over 1,000 personal injury ...

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